Jan 31, 2024

The market gave back some of Tuesday's gains but held relatively well.  We didn't get the follow-through in Soybeans to push us towards the 20-day moving average but wasn't a complete melt down, either.  Some late session buying was able to improve soybeans to finish 3-5 cents higher after trading out to 12 lower.  Technically, the past two sessions have a really nice set up on the charts if we want to see what the top-side of trading range could be.  Corn recovered nicely after trading 4 cents down to finish close to unchanged.  The weekly ethanol report showed some favorable numbers.  Production increased by 173k barrels/day to 991k bpd which would be a return to normal production after several plants cut production due to weather.  With that increase in productions, ethanol stocks decreased week-to-week by 1.5 million barrels, down to 24.3 mln bbls.

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Apr 24, 2024
Profit taking was the feature of corn and soybean trade after corn rallied 20 cents and soybeans rallied 46 cents over the past week.  Spread correction was also seen today with May price spreads widening back out 1-2...
Apr 23, 2024
After struggling a bit on the tail end of overnight trade, corn and soybeans traded steady higher and looked their most firm heading into today’s close. After chugging higher for a third consecutive day, we viewed some more...
Apr 22, 2024
Some really nice follow-through after Friday's recovery resulted in some key technical signals for trade. Each pullback throughout the day was met with some fast buying. Corn and soybeans followed wheat's lead. Wheat...